In June 2021, Monique Foulger reached a major milestone: At 30 years old, she bought her first home, a modest one-bedroom flat in Croydon in South London.Barely a year and […]
Bank of England
Trending topics and news from the Bank of England category
Back to news homeU.K. Economy Shrinks as Threat of Recession Nears
The ride down may be shallow or steep, but either way, the European Union and Britain could be starting to slide into recession.The British economy shrank by 0.2 percent over […]
A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies. Read More
Rishi Sunak, New UK Prime Minister, Delays Economic Plan
Mr. Sunak’s government, seeking more time to make the “right decisions,” will deliver its first economic plan on Nov. 17 instead of Monday. Read More
Liz Truss’s Departure Creates Economic Uncertainty As Inflation Rises
The departure of Prime Minister Liz Truss raises uncertainty in a country searching for answers to soaring inflation and stagnant growth. Read More
Lessons From Liz Truss’s Handling of U.K. Inflation
The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation. Read More
Turmoil Returns to the U.K. Bond Market
The Bank of England started a bond-buying program last month to stabilize financial markets. But its plan to end the program this Friday is only making investors more nervous. Read […]
Bank of England Expands Market Intervention to Avoid a ‘Fire Sale’
In the final week of its emergency bond-buying program, the central bank is expanding its efforts to restore bond market function. Read More
Britain’s Economic Experiment Stumbles at the Start
Britain’s economy has wobbled along since the financial crisis more than a decade ago, in 2008, with weak productivity and low pay. Recently, it lost its place as the world’s […]
Sleepy Corner of U.K.’s Pension Industry Forced the Bank of England’s Hand
Plans by Britain’s new prime minister, Liz Truss, to cut taxes and freeze energy bills landed like a bomb in a niche corner of financial markets, hitting government bond prices […]